Saar franc

Saar franc was the popular name of the coinage, the autonomous Saarland in 1954 and 1955 spending. From 1921 to 1935, and from 1947 to 1959 the French franc was the currency of the under League of Nations administration Saar ( 1920-1935 ), the autonomous Saarland ( 1947-1956 ) and the German state of Saarland (1957 to July 1959). The French coins were in 1954/55 followed by our own imprints Saarland - formed their own currency these so-called " Saar franc " coins legally but never dar.

History

1921-1935

According to Article 45 of the Treaty of Versailles of 1920 the newly formed Saar stood for 15 years in trust management of the League of Nations. At the same time France was granted full ownership of the state-owned coal mines in the Saar Basin for a period of 15 years. The French were also given the right to unwind the related payments in their own currency. The French franc was therefore initially used in the Saar area and next to Mark. As of June 1, 1923 then the country was united in the economic field with France and introduced the French franc as the only valid method of payment.

The French government was doing mine management, in addition to the normal French coins and notes, own certificates to 50 Centimes, 1 Franc and 2 Francs out. This so-called " pit of money " was in circulation until 1930 and was then replaced by regular French money.

After the annexation of the Saar to the German Reich in 1935, the Reichsmark was immediately reintroduced. The official exchange rate was 1 franc = 0.1645 RM.

1947-1959

The Saar- Mark was introduced on June 16, 1947 the Saarland as successor currency of the Reichsmark initially. On November 15, 1947, the French Government was authorized by law to introduce in the course of willed by her strict accordance with its own economy, the French currency in the Saarland. The short-lived Saar- Mark was replaced with an exchange ratio of 20:1 from the French Francs. Introduced on 20 November 1947, the Swiss franc as of 15 January 1948 was the sole legal tender in the Saarland. Up to mint its own coins in 1954 (10, 20, 50) and 1955 (100 francs) circulated exclusively French cash. My notes were not printed in the Saarland.

As a result of the Saar plebiscite Saarland was incorporated on 1 January 1957 as the tenth state politically in the Federal Republic of Germany. Economic inclusion took place on July 6, 1959, the so-called "Day X" instead. On this day the German Mark replaced the franc as its currency.

The final exchange rate was 100 francs = 0.8507 DM or converted 1 DM ≈ 117.55 francs.

Coins in 1954/55

The coins of Saarland in 1954/55 corresponded in weight, material and size at the same time the minted coins of the French franc, however, differed from the latter by the motives and German inscriptions. The coins of 10 francs, 20 and 50 (with the year of issue, 1954) showed a mine and the Saarland Coat of Arms. On the 100 - franc coin ( year of issue, 1955), the coat of arms framed by a wreath was to be seen. Banknotes have been no published; it circulated the French.